Westfield’s Grand Park far from break-even
Since opening in summer 2014, Grand Park has operated millions of dollars in the red and is projecting a $3.86 million deficit next year. Revenue is growing—but so are expenses.
Economic Development
Articles
Workforce-related tech firms plan 284 Indiana jobs
Hendricks County-based Safe Hiring Solutions LLC and sister company Safe Recruiter Solutions on Thursday announced plans to expand operations in Indiana.
Cabinet company investing $5M in new downtown design studio, plans to hire 200
CliqStudios, the nation’s largest online retailer of semi-custom kitchens, said the studio will employ designers who will work with homeowners nationwide to plan and design construction or remodeling projects.
Fire-protection firm on near-east side plans to hire 137
Team 360 Services has expanded rapidly since starting in 2005 as a cleaner of restaurant exhaust systems. It now provides a range of fire-protection and building services and employs 300 nationally.
TriMedx plans $21.5 million expansion, 108 jobs
TriMedx, a provider of health care technology management services, said it would invest the money in its 78,000-square-foot corporate headquarters near West 71st Street and Zionsville Road and elsewhere in the state.
Cummins CEO: Companies need to stand up for free trade, TPP
Tom Linebarger points to the company’s Seymour plant where 800 employees produce high-speed diesel engines—70 percent of which are exported globally—as a key reason he believes free trade is good for the Hoosier worker.
Electrical safety firm to expand in Zionsville, add 30 workers
Lewellyn Technology plans to add a training center to its current headquarters.
Mayor unsure how much of Rexnord incentives city could claw back
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
Indiana, Illinois still working on Illiana Expressway plans
Transportation officials in Indiana and Illinois expect to complete a revised environmental impact assessment for the proposed 47-mile Illiana Expressway between the two states this fall.
New eco-devo VP wants to encourage ‘tech boom’ in Indy
Ian Nicolini, 33, will serve as vice president of Develop Indy after his whirlwind tenure as town manager of Speedway. As in his previous position, Nicolini is charged with attracting companies and jobs to the area.
Indy firm specializing in prescription discounts plans to hire 230
Rx Help Centers, which helps insured and uninsured patients extract discounts on brand-name and generic drugs, has grown rapidly since shifting its focus from individuals to employers last year.
Indiana Biosciences Research Institute picks chief scientific officer
Rainer Fischer most recently served as senior executive director of the Fraunhofer Institute for Molecular Biology and Applied Ecology in Germany. The institute is part of the largest applied science research organization in Europe.
Real estate tech firm plans 48 jobs in Indianapolis
A Chicago-based real estate technology firm plans hire almost 50 people at a new office in Indianapolis after receiving an infusion of venture capital and potential tax breaks from the state, the company announced Tuesday.
Holcomb touts GOP economic record at debate; Gregg frustrated with ‘status quo’
The three gubernatorial candidates—Democrat John Gregg, Republican Eric Holcomb and Libertarian Rex Bell—debated issues relating to jobs and the economy at the debate at University of Indianapolis.
Abandoned P.R. Mallory factory to get new life as Purdue high school
The east-side factory used to employ 1,500 dry-cell battery makers, but has been abandoned for decades.
Parts distributor plans to open warehouse in Brownsburg, hire 118
Avept Inc., a distributor of powersports and automotive parts, said it will spend $6.3 million to buy, renovate and equip a 100,000-square-foot building in the Hendricks County community.
Pete Dye, still swinging at 90, to open new golf course in Westfield
Chatham Hills officials said their golf course could be the best that legendary golf architect Pete Dye, 90, has developed in Indiana. Could it be home to the state’s next PGA event?
Liquor distributor plans $7M renovation, 30 new jobs on south side
The parent company of National Wine & Spirits, has applied to the city for a property-tax abatement on the project that will save it an estimated $335,243 over the eight-year abatement period.
GOP’s Holcomb says keeping surplus key for Indiana economy
Protecting Indiana's state government surplus and completing some big-ticket transportation projects are among the items Republican gubernatorial candidate Eric Holcomb said Tuesday were keys for spurring business growth.
Developers ironing out details on $20M housing project in Mapleton-Fall Creek
Mapleton-Fall Creek Development Corp. and Merchants Affordable Housing Corp. are closing in on a complex financing plan for the proposed low-income housing development.